Falling Industrial Land Values Sting Pacific Continental Bank - CoStar Group

Falling Industrial Land Values Sting Pacific Continental Bank - CoStar Group

What are your new year plans?

Where do you want your business to be at the end of 2012?

Start planning NOW!  Do you need more space? Tax planning?

Interest rates are awesome...SBA financing allows for 10% of the total project down...

Prices are...well...Many buildings are at historic lows....The time is right.

Let's talk.

Terry Wilson

360-789-5060

CRE Pricing Recovery Continues With September Rebound - CoStar Group

CRE Pricing Recovery Continues With September Rebound - CoStar Group

Wrestling: Season's first rankings released - South Sound Sports Blog - The Olympian - Olympia, Washington news, weather and sports

This has nothing to do with Commercial Real Estate...but Prep Wrestling never gets enough press!

Wrestling: Season's first rankings released - South Sound Sports Blog - The Olympian - Olympia, Washington news, weather and sports

Positive News...This may be some!

CRE Pricing Recovery Continues With September Rebound - CoStar Group

Virtual War Games: Brick and Mortar Retailers Battle Online Retailing - CoStar Group

Virtual War Games: Brick and Mortar Retailers Battle Online Retailing - CoStar Group

Drive Thrus in Tumwater???

Do you need a drive thru? Strike when the IRON IS HOT!

Tumwater council to vote on allowing drive-thrus - NEWS UPDATES - The Olympian - Olympia, Washington news, weather and sports

People voting to shut state liquor stores - Legislature Elections - The Olympian - Olympia, Washington news, weather and sports

Is there an opportunity out there? Entrepeneurs start your engines!

People voting to shut state liquor stores - Legislature Elections - The Olympian - Olympia, Washington news, weather and sports

WOW! Tumwater reviews rules for drive-thrus - Business - The Olympian - Olympia, Washington news, weather and sports

Tumwater reviews rules for drive-thrus - Business - The Olympian - Olympia, Washington news, weather and sports

Perhaps the City officials are starting to understand: In order to attract new businesses, you need to think about making it EASIER for businesses to locate in your city!

Way to go Tumwater!

Thurston home sales flat for fifth month - Are you a leader or a follower?

Thurston home sales flat for fifth month - The Business Blog - The Olympian - Olympia, Washington news, weather and sports

More bad news? or is it?  Who makes money? Those who follow what everybody else is doing or those who go against the grain?

Opportunities are out there...

In a few years you will be saying,  "I coulda bought that place for _______?, wish I woulda"

Take a look at the opporrtunites!

What do you think we should do?

http://www.theolympian.com/2011/09/14/1799125/brewery-development-a-challenge.html

Heritage to buy back shares - The Business Blog - The Olympian - Olympia, Washington news, weather and sports

Heritage to buy back shares - The Business Blog - The Olympian - Olympia, Washington news, weather and sports

Where is the support for business owners?

Dozens voice support for homeless village - South Sound - The Olympian - Olympia, Washington news, weather and sportssuport

Who is going to compensate the land owners that have the value of their property drop? Or worse, what if NOBODY wants to buy or lease near Camp Quixote?

This started as a "protest", and it IS a political statement....

How many of the residents have exhausted all other options for housing? This should be a 'temporary" residence of LAST resort...

My wife and I owned a building that was located directly across the street from one of Camp Quixote's locations...There is little concern by the churchs or city hall for the businesses...The rights of these few Camp Quixote residents are put above tax paying, job creating residents.

I am not insensitive to the plight of the homeless, if they truly are.

I am opposed to supporting those that have made a "lifestyle" choice and are making a political statement.

Permanent tent cities are not the answer when they impact businesses nearby...We must balance the needs of those that have become homeless by circumstances outside their control and taxpaying citizens.

How about 10 acres outside of Othello?

Market timing and opportunities,,,,

The stock market is up, no it's down 634, no its up 500, down 400....Wow it is a roller coaster ride and it probably will be for the foreseeable future...

But as a disciplined and conservative investor, where is the good news? Housing prices are down...BUT interest rates on your home loan are at historic lows AGAIN! 15 year fixed at 3.5%, 5/1 ARM below 3%...

What does this have to do with commercial real estate...OPPORTUNITY!

You can restructure the debt on your home, access cash and purchase a building for your business...You only need a 10% down payment if your business occupies more that half of the building....

Think about it, historic loan rates, historic low prices on commercial buildings...Long term this could be a home run...

I'd love to help you explore the options...I have 14 years lending experience, we can "run some numbers" and see if it makes sense!

360.789.5060

Your money in a AA-rated U.S.

Your money in a AA-rated U.S.

Ouch! U.S. booted from Triple-A debt club

Ouch! U.S. booted from Triple-A debt club

Downtown Olympia....Is change in the air?

http://www.theolympian.com/2011/08/02/1746563/call-it-blighted-get-it-help.html

This could be a great opportunity. Let's get behind the City and make sure that this opportunity is thoroughly explored...

Bank owned property...Hwy 99 (.89 acres)

Do you know somebody? Do you need an office with visibility? Around $300,000.00 Call me! Large lot. garage, full DRY basement! (Near Kipert's Corner)

Make offer before it is listed!

360-789-5060

2633Parkmont.com

Tremendous Investment Potential...Right off Hwy 101...Minutes to Capital!

New survey shows consumers and business owners split on opinions about South Sound economy - The Business Blog - The Olympian - Olympia, Washington news, weather and sports

New survey shows consumers and business owners split on opinions about South Sound economy - The Business Blog - The Olympian - Olympia, Washington news, weather and sports

Is it a good time to buy?

Food Carts...What do you think?

http://www.theolympian.com/2011/06/21/1694178/olympia-city-council-right-to.html

Is this a good thing for Olympia, or just a sign of the times?


I've got a great space for you at 1841 4th...Just across from Ralph's Thriftway!!!!

Summer is officially here! Small office Westside...

Now that the days are longer, it's a good time to get out there and look at those investment properties. There are great deals out there...

Check out my recent listing at 207 Decatur St. SW, perfect for accountant, attorney, or other small business...Hardwood floors, 2 private offices...$269,000.00 (Great detached, insulated, heated garage with STORAGE!)

Right next to Greene Realty!

Call me today at 360.789.5060

Longtime businesses Point Tavern and The Shipwreck cafe closing this month - Business - The Olympian - Olympia, Washington news, weather and sports

Who will step in a fill the void left by these landmarks?

Longtime businesses Point Tavern and The Shipwreck cafe closing this month - Business - The Olympian - Olympia, Washington news, weather and sports

Still leasing? No financing? Are you sure?

Attention: Business Owners

It is a great time to buy your own commercial property!

Is your lease expiring?

You may be able to own for less than your current lease payment...

* Great SBA (Small Business Administration) financing available (if you occupy at least 51% of the available square footage)

+ Finance up to 90% of purchase price 

+ Greene Commercial has an established network of SBA Lenders to assist in the purchase

* There are some Great property Values in Thurston County

* Have you always wanted to look at buying a commercial building but were "intimidated' by the process?

* Contact Terry Wilson @ Greene Commercial to take the first steps!!!

Olympia council to consider relaxing rules on food carts - South Sound - The Olympian - Olympia, Washington

Olympia council to consider relaxing rules on food carts - South Sound - The Olympian - Olympia, Washington

This could be an opportunity to put that vacant land to work!

Light Industrial Land-Meridian Campus

$3.75 per square foot...

This is a great opportunity!

Lots from 2.0 acres to 6.0 acres

Call me today for more information...360.789.5060


Quiz: How many square feet in an acre?

Tragedy for new beginning at gutted Griswold's site - Business - The Olympian - Olympia, Washington

Downtown Olympia Revival...You have to start somewhere!



Tragedy for new beginning at gutted Griswold's site - Business - The Olympian - Olympia, Washington

Mortgage Rates Continue to Decline, Hit Fresh Lows

Mortgage Rates Continue to Decline, Hit Fresh Lows - CNBC

Do you have equity in your home that could be put to use? 

Equity that could be used for a down payment on that commercial building?

REALTOR® Magazine-Daily News-Commercial Markets Stabilizing, Demand Growing

REALTOR® Magazine-Daily News-Commercial Markets Stabilizing, Demand Growing

New website for Thurston County...

Local news, local information...Offer your own content!


www.thurstontalk.com


Check it out!

What does NNN (Net Net Net) or Triple net mean in a lease?

Triple net means:

That in addition to the lease price per square foot rate, the tenant pays ALL operating expenses on the property. These include: Property Taxes, Hazard Insurance, maintenance and utilities. This fee is usually presented in an additional annual cost per square foot.

Example:

1,500 sf office space

Rate: $18.00 annually=(1,500 x $18.00= $27,000 annual lease divided by 12 months= $2,250.00 monthly)
NNN $5.00 annually=(1,500 x $5.00= $7,500 annual triple net fees divided by 12 months=$$625.00)

So the true monthly cost of the 1,500 space is $2,875.00 or $23.00 per square foot.

Make sense? It sure does if you own the building!

Confused...Make sure you hire a Commercial Real Estate Agent to represent you in the lease transaction!

Opportunities exist in commercial markets...Read on...

Outstanding Value...Spa Depot Building

The Spa Depot is moving to a new larger location....Who cares you say? You do. Or someone you know.


Their "old" space is for sale. It recently had a price decrease from $985,000.00 to $750,000.00. Yes, that's right.  a price decrease of $235,000.00!!!


This property features 1.44 acres with 2 Warehouses (6,824 total square feet) and a 2 story 2,000 square foot office...


Finally, the entire property is like a park!  It is currently offered by Coldwell Banker


It's easy to show, give me a call I'll arrange a showing!


Terry Wilson
360.789.5060

How do I know if its a good deal?

When you are looking at commercial real estate, there are lots of acronyms, buzzwords and calculations...It can be intimidating.

The best thing you can do is surround yourself with lenders, real estate agents, accountants and attorneys that you trust. Not every deal will require all these professionals, but build a team...or better yet, let us help you build a team. We know who can help you!

Call Terry Wilson 360-789-5060

Greene Commercial

Are you in a Flood Plain?

http://www.theolympian.com/2011/05/10/1646143/fema-delivers-flood-news.html

Make sure you know! And get your flood insurance...BEFORE the flood!

Heritage posts $764K Q1 earnings - Business - The Olympian - Olympia, Washington

Heritage posts $764K Q1 earnings - Business - The Olympian - Olympia, Washington

Strong local ongoing success! Congratulations to Heritage!

Invest in YOU! 1031 Class and it is FREE!

Please call me if you'd like to attend...Find out how to keep more of YOUR Money!

Under Contract! and Who is in the market???

Last week, Stephen Dean put the Moose Lodge (Formerly DJ Murphy's) under contract. In addition, with the help of Palmer Higa in our office, we received a very good offer on Bigrock Plaza, Building # 10.

Additionally, we have the following people in the market:

-Architect and Drafter looking to Lease up to 1,500 sf

- Massage Therapist opening new Spa- Lease

- Naturopath, Massage Therapist and Pschologist - 1,000 sf- Lease

-Small Manufacturer; 12,000sf Warehouse with small office- Purchase

- Plumber- Looking for retail space with fenced yard and warehouse space 4,000sf- Purchase

- Physical Therapist- 2,500sf Purchase or lease- Outside of Olympia- Chehalis/Dupont/Aberdeen

- Therapist- 1,200- 1,400sf Hawks Prairie Area- Lease

Please refer any leads that you have...Listed or not and I will work with owner!

A little sun...

It's funny, over the years, in lending, banking or real estate, there is one factor the impacts business volume in the Northwest more than any other factor:

Interest rate? No.

Price? No.

Politics? No.

Look out the window. It's the weather. A little sun, people feel better, more hopeful, more like spending money, refinancing, heck, just leaving the house to look at a property!

Knowing this, don't wait until all the opportunities are gone...Be on the front edge of the trend!

Get out and look at some real estate today....Before it rains!

Why you should consider Commercial Real Estate...NOW

Feel free to email me with questions: terrywilson@greenerealty.com

4 Reasons to Invest with your SDIRA in Real Estate

4 Reasons to Invest with your SDIRA in Real Estate

Did you know you can invest in real estate using your IRA?

Ready to invest...we have an opportunity!

Great opportunity to invest. 5 shares. $75,000 investment. ($1,500,000 property with great rental history and low vacancy rate) history. Potential investor meeting soon...

Call or email if you want to know more.

360.789.5060

Will Olympia follow Seattle? Time to build Apartments!

Business & Technology | Hot market for rentals inspires twin towers | Seattle Times Newspaper

Take a look at the land offered at 7147 Littlerock Road...Zoned MFM (Multi-Family 9-15 Acre)

Check out these properties...They all have their own web sites!

www.bigrockplaza.isnowoffered.com

www.3301HogumbayRd.com

www.PlumStreetChevron.com

www.2840CritesSuite108.com

www.RosedentalBuilding.com

www.4780capitolway.epropertysites.com

www.7147littlerockrd.epropertysites.com

www.1206franzst.epropertysites.com

http://greenecommercial.blogspot.com/

It's just one additional service we offer when we list your property! We do things that the others don't! (or won't) Terry Wilson, Greene Commercial-360.789.5060

Ramblin' Jack's Survives!!!!

http://www.theolympian.com/2011/04/24/1627676/fire-destoys-warehouse-behind.html

Ramblin' Jack's is alive and well!!! However, they will be closed 1-2 weeks for smoke remediation...I will post updates on re-opening dates when I have them!

We all give our thoughts and prayers to the owners and employees of Ramblin' Jack's and Olympia Fireplace as they go through this difficult time.

Who is representing you?

In any real estate transaction, there is a buyer and a seller. If you are looking to lease or buy, residentially or commercially, and just drive around and call on signs....Who is representing you?

The agent on the sign represents the building owner. Are you sure that you are knowledgeable enough to represent your self? are you getting the best deal? Do you have all the legal documents complete? is there that nagging feeling that something is missing?

You need a buyer's agent or leasing agent to represent you in the transaction.  And guess what? This will not cost you any more than if you drove around and callled on the signs....Why??

A commission has been set in the listing agreement. It will either go ALL to the agent on the sign representing the owner, or split between the listing agent and YOUR agent...

SO, why would you not be represented in the transaction. Call me today...I will help you find your new business location!

Featured Property: 6301 Capitol Boulevard-TRUE NNN Lease!

Same tenant since 1957, Freespan all cinder block construction, great location, great income, True NNN lease!

Listing Update: 3301 Hogum Bay Rd. 41.84 acres (Light Industrial)

This is prime development property adjacent to the Target Warehouse, up to 500,000 sf building allowed. Bank owned. Offered at $4,490,000.00

Tried to park Downtown Olympia Lately?

http://www.theolympian.com/2011/04/18/1620500/pay-stations-hated.html

Multi-Family Property---9-15 Units Per Acre!

Fantastic Opportunity, Located on the recently completed round-a-bout. Seller Financing available!

Pool your resources and Increase your ability to Buy

Many Investors are seeking asset strategies they can believe in. While the single-family investment game may be over, the group investment business presents new opportunities in a recovering economy.

Why syndicate commercial and investment real estate now? Three reasons:

1. There are attractive investment properties available. 
2. Loans require larger down payments; with a group, you pool equities to raise larger down payments.
3. Forming an investment group is frequently a way to generate sales and get our economy back on track.

Think about it...you and two or three like minded friends? What could you buy? What could that commercial building provide for your retirement?

5 Reasons for a tax Deferred Exchange

No-panhandling zone on city docket - South Sound - The Olympian - Olympia, Washington

No-panhandling zone on city docket - South Sound - The Olympian - Olympia, Washington

Feasibility Contingency Clause-What does that mean?

When you write an offer on a piece of Commercial Real Estate, there is typically a time (30 days to 180 or more) after acceptance of a purchase sales agreement to do your "Due Diligence".

You will investigate financing, property boundaries, environmental issues, meet with City and County officials to review your plans, review leases and physical property inspections.

During this time, if you are not satisfied with what you find: You terminate the offer.

So...Don't be afraid to write an offer...you will have time to do your research.

There are some deals out there,,,they will not last!

Own a piece of History...In Elma!

Have you insured your most important asset?

Ok, you insure your car. Check.
You insure your house. Check.
You insure your boat, RV, motorcycle. Check.
You may even buy insurance on your vacation. Check.

But what about you? What if you are taken out of the picture?

Your income is gone, either due to injury, health problems or death? What happens to your family?

Take the time. Insure your most important asset.

YOU!

Contact: State Farm Agent Renetta Wilson at renetta@renettawilson.net or 360.357.4200

Well known building-Former DJ Murphy's Building...

Right off Pacific, this is a landmark. Ready for new owners! Make an offer today! Motivated sellers...
Listed by Stephen Dean at Greene Realty @ $520,000.00 Tour the building and dream of being a tavern owner!

So you think you want to invest in Commercial Real Estate?

But you think it will take more cash than you have to invest....How about buying "shares" in a building or project. Numerous owners can own one building, there will be a managing partner, but you can choose to "invest" by purchasing a single share or multiple shares. It's a good way to start and good way to gain industry knowledge.

Sound interesting? Let's talk...

Chevron Station and C-Store: 1018 Plum Street

Here is your chance to own THE prime corner in Olympia, blocks from the Capitol and I-5. Plans to expand adding larger convenience store and strip mall...Get all the details at: www.plumstreetchevron.com

4780 Capitol Way 1,543 sf - Owner willing to work with new tenant!

Located right on Capitol Way between Olympia and Tumwater, Visible from I-5. The owner of this building is very motivated. Will consider tenant improvements or reduced lease rate for 1st year...

SBA- Small Business Administration has great financing for Owners who will occupy at least 51% of their building. Own for less than your current rent.

LOTT may buy brewery land - Business - The Olympian - Olympia, Washington

LOTT may buy brewery land - Business - The Olympian - Olympia, Washington

1031 Exchange...Do you really know how it works?

Sometimes half the battle is knowing what not to do...and who to call! Read the attached courtesy of Eric Prehm and Stewart Title:

Who is in the market?

As you are out and about this week, keep these needs in mind.

I have clients actively searching for the following:

1) Garage/Shop several bays, with a fenced yard, Lacey Area (Purchase)

2) Medical looking for 2,500 sf to lease or buy in Centralia near Exit 82

3) Naturopath and Counselor, looking for 2,000 sf to Lease

4) Tool Supply- Looking for 4,000 sf retail- High Visibility, Low Lease

5) Manufacturer- Wants to buy 2.5 to 10 acres Light Industrial- Needs Three Phase power and easy i-5 access

6) Accountant- Purchase small stand alone office in Hawks Prairie Area

Have a successful week!

Grocery Store Space Available, Adjacent to New State Liquor Store!!

5,000 sf available right next to the new location of the State Liquor Store in Centralia, just off of exit 82 (Same as the outlet malls) Great opportunity, reasonable lease rates ($12.00 sf annually) Do you know somebody who needs their first store or needs to add a store! Let me know for immediate showings!

Investment on Whitman Lane for less than $80.00 psf

Listed by Kidder Mathews Agent Evan Parker, Right off Yelm Highway near the McDonalds. Excellent opportunity for owner/user. Rental income from existing tenants, a Chiropractor and established State Farm Agent. Don't miss it...I'd love to show it to you.

Many things make a "Great Place to live".....

One of them is weather, and we won't talk about that one right now.

When you live in a community, it is only as good as the people and their willingness to be involved.

Greene Realty Group and Jim Greene the Owner and managing broker, give freely of their time and money to many, many different organizations. I am proud to be associated with them.

On this day, I would encourage you to think about what you do in your community to make it better?

A better community makes people want to move here, which creates housing demand, demand for goods and services...

Give some time, some money or some expertise...I choose the Salvation Army, "Doing the Most Good"

This is a test...I can update my Blog via text!

Yeah, there are good deals out there but...

nobody is lending. You are wrong! If you are a business owner looking to buy a commercial property and plan to occupy at least 51%, then there are great opportunities for you. The SBA (Small Business Administration) has programs for you. Great rates and you can finance up to 90% of the acquisition costs and in some instances you can finance improvements, equipment and moving costs.

What is a small business? Maximum of $4.0 million.

We are fortunate that we have many resources in Thurston County, including SBA lender of the Year, Ben Howeiler of Heritage Bank. Ben is a wealth of information. If you are even considering buying a commercial property, call Ben at 360.570.7363 and invest an hour to learn of the SBA loan possibilities.

Awesome Office/Industrial Condo- Check this one out..

This industrial condo has 2,200 sf, has style and warehouse space...This is a great value at $289,000.00

www.2840CritesSuite108.com

We are different...

Thurston County Commercial Real Estate is different...The people are different, their needs are different and our local economy is different.  This blog will talk about those differences, our similarities, our community and feature great properties, great deals (whether they are my listings or not!) and seek your opinions and ideas!